Lesson Summary. Normative economics is a subjective idea that focuses on 'what ought to be.' Normative statements are often found in the media where bloggers or journalists express opinions. By comparison, positive economics focuses on 'what is,' and utilizes testable evidence.
A. You can. Social Security will accept your application for early benefits when you're 61 years 9 months. Regardless of how old you are, the agency generally recommends that you apply three months before you would like the first payment to arrive.
You can claim Social Security benefits at any point after reaching age 62, but the most commonly discussed ages for claiming benefits are 62, 66, and 70. Claim at age 62 and you'll receive a smaller amount than you'd get at age 66, but wait until age 70 and delayed retirement credits will net you the biggest check.